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Renovated Two-Unit Duplex
For Sale
$555,000

862 Oleander Street, Hemet, CA 92543

Single-story residences offer private garages, individual utility metering, and updated interiors with central air.

Property SizeContact for details
Days on Market448

Property Features for 862 Oleander Street

General Information

Standard status Active
Property subtype Duplex

Amenities

Central
Central Air
Electricity Available, Natural Gas Available, Sewer Available, Water Available, Shingle

Building Details

Year Built 1984
Stories 1
Listing Agency: RE/MAX 2000 REALTY
Listed By: Kristopher German · License #01800021
Source: Kw
Added: Jul 3, 2025 Changed: Sep 21 Last Checked: Sep 22 at 9:27PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX 2000 REALTY

Investment Insights

Based on property information with market context.

Located at 862 Oleander Street in Hemet, this duplex includes two single-story residences, each with two bedrooms and two bathrooms. Both units feature central air, updated flooring, dual-pane windows, and remodeled kitchens and bathrooms. The property was built in 1984 and renovated inside and out.

Each residence has a private 2-car garage, with additional on-site parking. Gas and electricity are individually metered for each unit, while xeriscape landscaping supports a low-maintenance exterior. Natural gas, electricity, sewer, and water are listed as available. Reported financial metrics include a 10.17 GRM and a 6.69% current cap rate.

Key Highlights

  • Two 2‑bedroom, 2‑bath single‑story units
  • Private 2‑car garage for each unit
  • Built in 1984 and renovated inside and out

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Gym & Fitness Center Electrical Service (Bike/Boat/Book/etc) Store Locksmith Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

963
Businesses Nearby

Demographics for 92543, CA

39,323
Population
15,225
Households
2.6
Avg Household Size
37
Median Age
13%
College-Educated
75%
High-School Grad
19.1 sq mi
ZIP Area
2,059
Density / Sq Mi
$47,002
Median Household Income
$34,376
Median Earnings
$1,306
Median Rent
$250,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Single-story residences offer private garages, individual utility metering, and updated interiors with central air.
Where is this duplex located?
The property is located at 862 Oleander Street Hemet, CA.
What is the asking price?
The asking price for this property is $555,000.
What are key features of this property?
This property features: Two 2‑bedroom, 2‑bath single‑story units; Private 2‑car garage for each unit; Built in 1984 and renovated inside and out
More about this property
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